The concept of ‘Wellbeing’ has been traditionally related to the accomplishment of basic needs. However, different academics have offered diverse conceptualizations which reveal the complexity of the concept.
This model considers Wellbeing as ‘the capacity of an entity (e.g. individual, community or a global system) to flourish across at least 8 dimensions (economic, social, environmental, cultural, spiritual, psychological, material and physical) including being able to fulfill important goals and persist in the face of obstacles’.
In other words, Wellbeing does not just refer to people’s capacity of meeting their basic needs, but also their aspirations across the above-mentioned dimensions.
The following graph depicts Dr. Newey’s representation of the Wellbeing components:
Source: Under develop work (Newey, 2014)
 Newey, L. (2015). Global sustainable wellbeing. Unpublished manuscript